1. Warm Up 2345 x.12 2345 x.12 2345 + 3456 2345 + 3456 1234 x.19 1234 x.19 1234 + 2345 1234 + 2345

2. Consumer Finance Chapter 1: Earning Money Lesson 12: Salary Plus Commissions

3. VOCAB None None

4. DIRECTIONS (Salary + Commission) Change % to decimal Change % to decimal Move the decimal 2 spots LEFT Move the decimal 2 spots LEFT Calculate commissions Calculate commissions Multiply Multiply Sales x Rate of Commissions = COMMISSIONS Sales x Rate of Commissions = COMMISSIONS Add Add Salary + COMMISSIONS Salary + COMMISSIONS Salary / the number of times each thing happens Salary / the number of times each thing happens

5. I DO (Salary + Commissions) Find how much each person makes Find how much each person makes SalesROCSalary 1. $300004%$500 2. $1200002.5%$300 3. $250005%$12000 4. $450003.5%$20000

6. WE DO (Salary + Commissions) Find how much each person makes Find how much each person makes SalesROCSalary 1. $3000004.7%$250 2. $6709856.6%$150 3. $355007.5%$30000 4. $659855.5%$26500

7. YOU DO (Salary + Commissions) Find how much each person makes Find how much each person makes SalesROCSalary 1. $909855.4%$200 2. $285403.2%$475 3. $349857.9%$27750 4. $477508%$35500

8. REVIEW Today we learned how to calculate a persons salary plus commissions Today we learned how to calculate a persons salary plus commissions

9. HOMEWORK WORKSHEET WORKSHEET

10. WARM UP 5230 + 3615 5230 + 3615 3987 + 3876 3987 + 3876 4567 – 4892 4567 – 4892 5123 - 5432 5123 - 5432

11. CONSUMER FINANCE Chapter 1: Earning Money Lesson 13: Net Pay

12. VOCAB Gross Pay – is your full earnings (before taxes) Gross Pay – is your full earnings (before taxes) Deductions – is money withheld from your paycheck Deductions – is money withheld from your paycheck Net Pay – is the amount of money you take home (after taxes) Net Pay – is the amount of money you take home (after taxes)

13. Directions (Net Pay) Gross Pay – All deductions Gross Pay – All deductions

14. I DO (Net Pay) Gross PayFed TaxState TaxS.S.MedicareHealth 60096.8032.9737.208.7041.63 50060.0724.95317.2539.37 40345.5219.6224.995.8426.60 776.97118.6238.9548.1111.2553.88 Calculate the persons Net Pay

15. WE DO (Net Pay) Calculate the persons Net Pay Gross PayFederal TaxState TaxS.S.MedicareHealth 120.7510.546.637.941.750 360.5646.4319.7822.325.225 1235.5021036.3042.9598.7521.25 3425.75512.24275.5035.5689.7512.35

16. YOU DO (Net Pay) Calculate the persons Net Pay Calculate the persons Net Pay Gross PayFederal TaxState TaxS.S.MedicareHealth 2500750.5011020535.5047.50 750.50123.5475.2531.3512.500 1345.56235.7534.5645.6756.780 2345.67850.50123.4597.4585.5056.50

17. REVIEW What did you learn today? What did you learn today?

18. HOMEWORK Worksheet Worksheet